Charles & Colvard Ltd’s recent filing unveils that its President and CEO O’CONNELL DON acquired Company’s shares for reported $5550.0 on Mar 05 ’24. In the deal valued at $0.37 per share,15,000 shares were bought. As a result of this transaction, O’CONNELL DON now holds 255,986 shares worth roughly $0.4 million.
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Then, SYKES OLLIN B bought 19,000 shares, generating $7,028 in total proceeds. Upon buying the shares at $0.37, the Director now owns 1,863,398 shares.
Before that, O’CONNELL DON bought 13,350 shares. Charles & Colvard Ltd shares valued at $4,806 were divested by the President and CEO at a price of $0.36 per share. As a result of the transaction, O’CONNELL DON now holds 464,464 shares, worth roughly $0.73 million.
Merriman Curhan Ford upgraded its Charles & Colvard Ltd [CTHR] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northland Securities’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Market perform”‘ rating for it. Northland Securities also remained covering CTHR and has decreased its forecast on October 24, 2007 with a “Market perform” recommendation from previously “an Outperform” rating. B. Riley & Co started covering the stock on August 06, 2007. It rated CTHR as “a Buy”.
Price Performance Review of CTHR
On Tuesday, Charles & Colvard Ltd [NASDAQ:CTHR] saw its stock fall -7.33% to $1.58. Over the last five days, the stock has lost -25.47%. Charles & Colvard Ltd shares have fallen nearly -61.48% since the year began. Nevertheless, the stocks have fallen -83.37% over the past one year. While a 52-week high of $9.69 was reached on 01/23/24, a 52-week low of $1.66 was recorded on 06/18/24. SMA at 50 days reached $2.7606, while 200 days put it at $4.0047. A total of 62830.0 shares were traded, compared to the trading of 51000.0 shares in the previous session.
Levels Of Support And Resistance For CTHR Stock
The 24-hour chart illustrates a support level at 1.5101, which if violated will result in even more drops to 1.4403. On the upside, there is a resistance level at 1.6899. A further resistance level may holdings at 1.7999. The Relative Strength Index (RSI) on the 14-day chart is 18.39, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.3242, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.44%. Stochastics %K at 6.03% indicates the stock is a buying.
The most recent change occurred on July 24, 2007 when Northland Securities resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $7.
